ACC 202 week 3 assignment 2
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Description
Week three problems Ch. 14
Shantae Lovett
ACC 202
Ryan Riches
February 4, 2013
14-16 preparing a sales budget and schedule of cash receipts
a. sales budget for the first quarter
January February March Total
200,000 220,000 242,000 662,000b. The amount of sales revenue McCarty will report on the first 2012 quarterly pro forma income statement.
662,000
c. prepare a cash receipt schedule for the first quarter of 2012
January sales
February sales
March sales
140,000
40,000
20,000
-
154,000
44,000
-
-
169,400
Total receipts
140,000
194,000
233,400
140,000 194,000 233,400 567,400
d. the amount of accounts receivable as of March 31, 2012
94,600
...
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